Financial Capability as Social Investment

Caplan, M., Sherraden, M. S., & Bae, J. (2018). Financial capability as social investment. Journal of Sociology & Social Welfare, 45(4), 147–167. doi:10.7936/gmfw-0e43

Achieving financial capability for all: What will it take?

Millions of families in the United States are financially unstable, and they have few places to turn for guidance and support. Margaret Sherraden hopes to change that by marshalling a largely overlooked resource: The professionals at thousands of community-based organizations who deliver services to low-income people.

CSD experts spread financial capability concepts in China

The article is the first in Chinese to describe U.S. social workers’ growing view about the importance of policy changes and institutional arrangements for financial inclusion and capability, and to emphasize the unique role of social workers in achieving this goal.

【视野】普惠金融与金融能力:美国社会工作的大挑战 [From financial inclusion to financial capability: A grand challenge of social work in the United States]

Citation: Huang, J., Sherraden, M. S., & Zou, L. (2018, October). 【视野】普惠金融与金融能力:美国社会工作的大挑战 [From financial inclusion to financial capability: A grand challenge of social work in the United States]. China Social Work Magazine. https://mp.weixin.qq.com/s/z15GHMa00dxgokSiX2TU9A

New textbook focuses on financially vulnerable families

The first textbook to focus on financially vulnerable households is now available from Oxford University Press. “Financial Capability and Asset Building in Vulnerable Households: Theory and Practice” teaches about financial capability and asset building through the stories of four families whose lives unfold over 23 chapters.

Forum focuses on financial capability for vulnerable families

​​To celebrate Financial Capability Month, the Center for Social Development and the Center for Household Financial Stability at the St. Louis Federal Reserve convened a forum, “Coin a Better Future: Reaching Out to Financially Vulnerable Families.”

Asset Building Toward Inclusive Policy

Sherraden, M., Johnson, L., Clancy, M. M., Beverly, S. G., Sherraden, M. S., Schreiner, M., … Han, C.-K. (2018, March 28). Asset building: Toward inclusive policy. In C. Franklin et al. (Eds.), Encyclopedia of Social Work. doi:10.1093/acrefore/9780199975839.013.25

New FCAB book coming in February

A new book about financial capability and asset building will be released next month. The 144-page book — “Financial Capability and Asset Building with Diverse Populations: Improving Financial Well-being in Families and Communities” — is aimed at policymakers, researchers and practitioners who assist financially vulnerable people.

Policy conference focuses on successes, solutions

More than 100 people from various parts of the country attended the Influencing Social Policy Policy Conference 2.0, Successes and Solutions: Policies that Work, in June at the George Warren Brown School of Social Work.

Financial Capability Month

The webinar, on April 25, was hosted by the Center for Social Development and the U.S. Consumer Financial Protection Bureau in collaboration with the Council on Social Work Education.

Update: Financial Capability Month

Financial Capability and Asset Building for All is one of the 12 Grand Challenges for Social Work and a growing practice in the social work profession. The Center for Social Development is committed to working with its partners to increase the financial capability of individuals, families, and communities across the globe!

Singapore starts FCAB project to train social workers

Springing from work at the Center for Social Development, a Financial Capability and Asset Building initiative is underway in Singapore. Soon social workers there will develop knowledge and skills for working with low-income families on their household finances.

Financial Capability

Sherraden, M. S. (2017). Financial capability. In C. Franklin et al. (Eds.), Encyclopedia of Social Work. doi:10.1093/acrefore/9780199975839.013.1201

Journals turn attention to financial capability, asset building

Recent proposals to change the scope of federal consumer protections bring to the fore a broader discussion about financial inclusion. Now three leading journals are heightening awareness of a national effort to reintroduce to social work a curriculum focused on building financial capability for all Americans.

Financial Capability and Asset Building in Social Work Education

Frey, J. J., Sherraden, M. S., Birkenmaier, J., & Callahan, C. (2017). Financial capability and asset building in social work education. Journal of Social Work Education, 53(1), 79–83. doi:10.1080/10437797.2016.1256170

Journal features special section on FCAB

The Journal of Social Work Education has posted its January issue with a special section on Financial Capability and Asset Building. The papers originated as part of the Center for Social Development’s 2015 FCAB conference Financial Capability and Asset Building: Advancing Education, Research, and Practice in Social Work.

Workshop focuses on tools for clients’ financial well-being

​A program specialist from the Consumer Financial Protection Bureau and a senior consultant from ICF helped to lead a recent professional development workshop at the Brown School, “Behind on Bills: Tools to Help Your Clients Secure Greater Financial Well-Being.”

Special issue focuses on financial capability, asset building

“Financial capability and asset building” is the theme of the 60th anniversary issue of Social Work. Articles by several researchers at the Center for Social Development were published in the October 2016 issue of the flagship journal of the National Association of Social Workers.

Asset Building: Toward Inclusive Policy

Sherraden, M., Johnson, L., Clancy, M., Beverly, S. G., Sherraden, M., Schreiner, M., … Han, C.-K. (2016). Asset building: Toward inclusive policy (CSD Working Paper No. 16-49). St. Louis, MO: Washington University, Center for Social Development.

CSD hosts seminar for visitors from South Korea

The Center for Social Development hosted a seminar this month for social workers and others from South Korea, part of a larger training program focused on developing financial capability for Korean youth.

Policy Recommendations for Meeting the Grand Challenge to Build Financial Capability and Assets for All

Huang, J., Sherraden, M. S., Clancy, M. M., Sherraden, M., Birkenmaier, J., Despard, M. R., … Rothwell, D. (2016, September). Policy recommendations for meeting the Grand Challenge to Build Financial Capability and Assets for All (Grand Challenges for Social Work Initiative Policy Brief No. 11). Cleveland, OH: American Academy of Social Work & Social Welfare. https://doi.org/10.7936/K7057FG8

Case to Cause: Back to the Future

Abramovitz, M., & Sherraden, M. S. (2016). Case to cause: Back to the future. Journal of Social Work Education, 52(Suppl. 1), S89–S98. doi:10.1080/10437797.2016.1174638

Youth Savings Patterns and Performance in Colombia, Ghana, Kenya, and Nepal

Johnson, L., Lee, Y., Ansong, D., Sherraden, M., Chowa, G., Ssewamala, F., … Saavedra, J. (2016, April). Youth savings patterns and performance in Colombia, Ghana, Kenya, and Nepal (CSD Fact Sheet No. 16-10). St. Louis, MO: Washington University, Center for Social Development.

CSD celebrates, highlights global partners’ work in Asia, Africa

We are pleased to share news from and highlight ongoing collaborations with our global partners the Centre for Social Development Asia, at the National University of Singapore, and the Centre for Social Development in Africa, at the University of Johannesburg.

Toward Productive Research Agendas in Financial Inclusion, Security, and Development

Sherraden, M., & Sherraden, M. S. (2015). Toward productive research agendas in financial inclusion, security, and development. In L. Choi, D. Erickson, K. Griffin, A. Levere, & E. Seidman (Eds.), What it’s worth: Strengthening the financial future of families, communities and the nation (pp. 355–369). San Francisco, CA: Federal Reserve Bank of San Francisco and Corporation for Enterprise Development.

New book offers hope for ailing American family finances

“What It’s Worth: Strengthening the Financial Future of Families, Communities and the Nation” includes 40 essays by the nation’s leading experts on economics, financial services, public policy and philanthropy from across a broad range of sectors.

New report explores global lessons from youth savings

In 2010, researchers in the vast YouthSave Initiative started investigating whether low-income youth can build savings in the developing countries of Colombia, Ghana, Kenya and Nepal. Now their findings are summarized in a newly released report.

Financial Capability and Asset Building for All

Sherraden, M. S., Huang, J., Frey, J. J., Birkenmaier, J., Callahan, C., Clancy, M. M., & Sherraden, M. (2015). Financial capability and asset building for all (Grand Challenges for Social Work Initiative Working Paper No. 13). Cleveland, OH: American Academy of Social Work and Social Welfare.